The SEC in Bangkok is seeking public comments on proposed amendments to regulations governing initial public offerings to enhance investor access to critical information.
The Securities and Exchange Commission (SEC) invites public comments on proposed amendments to the regulations governing the reporting of initial public offering shares (IPO shares) results. These amendments aim to enhance investor access to critical information prior to making investment decisions on the first trading day.
The SEC Strategic Plan for 2024–2026 prioritizes strengthening trust in the Thai capital market and emphasizes the critical significance of investor confidence in cultivating a robust capital market that serves as a channel for business fundraising and investor investment. The ultimate goal is to achieve sustainable development and reduce inequalities.
The SEC aims to promote more timely and transparent IPO information for investors to make informed decisions, without imposing an undue burden on the issuer.
The SEC is therefore proposing to amend the governing rules and regulations, as summarized below:
(1) In addition to the existing requirements for reporting initial public offering (IPO) results (Form 81-1-IPO), the issuer shall submit a supplemental report (81-1 Short-Form) to the SEC Office within a designated timeframe. This report must include the following information:
– Major shareholders and their corresponding locked-up share details,
– The top 10 investors allocated shares in the IPO offering,